Republic Svcs Stock Price, News & Analysis

On November 10, 2021, Republic Services (NYSE: RSG) announced initiatives for America Recycles Day on November 15, emphasizing proper recycling practices amidst supply chain challenges. A survey revealed that 75% of Americans value recycling but often struggle with what items are recyclable. The company shared best practices, including knowing what to recycle, ensuring containers are empty and clean, and not using plastic bags for recyclables. Republic Services aims to simplify recycling through Recycling Simplified, offering tips and educational resources.

Republic Services reported a net income of $350.3 million ($1.10 per diluted share) for Q3 2021, up from $260.0 million ($0.81) in 2020. Adjusted net income rose to $353.7 million ($1.11), compared to $319.3 million ($1.00). The company raised its full-year financial guidance, now projecting adjusted EPS between $4.10 and $4.13 and adjusted free cash flow between $1,475 million and $1,500 million. Key growth drivers included a 5.2% increase in core price revenue and a 22% rise in adjusted free cash flow.

Republic Services (NYSE: RSG) has launched California's first fully solar-powered compost facility in Chula Vista, aimed at recycling organic waste from the San Diego region. This facility complies with state law SB 1383, effective Jan. 1, 2022, mandating the recycling of food and yard waste. Capable of processing 100 tons of organic material daily, with plans to double capacity, it reinforces the company's commitment to sustainability and recycling. Republic processed over 2.15 billion pounds of organic waste in 2020 and aims for a 40% increase in material recovery by 2030.

Republic Services (NYSE: RSG) has launched the first-ever diesel technician training program at its Technical Institute in Dallas. This 12-week program, developed in partnership with Lincoln Tech and the U.S. Department of Labor, aims to tackle the national diesel technician shortage. Students receive full compensation and training in a state-of-the-art facility. Graduates will transition to full-time technician roles within the company across 45 states, benefitting from competitive salaries and comprehensive benefits. The initiative emphasizes inclusivity, targeting veterans, recent high school graduates, and individuals from underserved areas.

Republic Services, Inc. (NYSE: RSG) has scheduled the release of its third quarter 2021 financial results for October 28, 2021, after market close. Following the results, the company will host an investor conference call at 5 p.m. ET, accessible via the Company’s Investor Relations webpage or by phone at 844-890-1789. Pre-registration is encouraged for those dialing in. A replay of the call will be available until November 4, 2021. Republic Services is committed to sustainability and aims to enhance the customer experience while promoting a healthier planet.

Republic Services (RSG) has achieved certification as a Great Place to Work for the fifth consecutive year and has been recognized by PEOPLE magazine as one of the 2021 Companies that Care. With 80% of employees rating the company positively, Republic emphasizes employee engagement and an inclusive culture. The Great Place to Work certification is awarded to fewer than 1,000 U.S. companies, reflecting a commitment to workplace quality. The company has also invested nearly $35 million in community initiatives during the COVID-19 pandemic, supporting employees and local businesses.

Raven SR Inc. has partnered with Republic Services (NYSE: RSG) to convert organic waste into green hydrogen at a site in Richmond, California. This collaboration aims to process up to 99.9 tons of organic waste daily, producing up to 2,000 metric tons of renewable hydrogen annually. The initiative aligns with California's emission reduction goals and emphasizes sustainability. Raven SR utilizes its patented non-combustion Steam/CO₂ Reformation process, differentiating itself from traditional waste-to-energy methods.

Republic Services reported a net income of $331.1 million for Q2 2021, a significant increase from $225.5 million in Q2 2020. Adjusted EPS rose to $1.09, up 36% year-over-year. Revenue grew 15% driven by an 8.1% volume increase and a 5.2% rise in core pricing. Year-to-date cash from operations reached $1.5 billion. The company has raised its full-year EPS guidance to $4.00 to $4.05 and free cash flow guidance to $1.45 billion to $1.475 billion, reflecting strong business momentum and operational success.

Republic Services announced an 8% increase in its quarterly dividend, raising it from $0.425 to $0.46 per share. This dividend will be paid on October 15, 2021, to shareholders of record on October 1, 2021. This marks the seventeenth consecutive year of dividend increases, highlighting the company's commitment to returning cash to shareholders.